Manager, Non-Financial Risk

Isle of Man
Permanent
Our client seeks a Manager, Non-Financial Risk to join their team.
 
You will provide strong execution and operational drive to implement Non-Financial Risk (NFR) management processes and systems as a key enabler to achieving the business objectives of the organisation.
 
Key Responsibilities
  • Act as an interface for NFR in driving fraud risk management and liaising with NFR teams on information risk threats and controls in business strategy for all business units across all segments and channels.
  • Build and maintain credible relationships with internal and external stakeholders, including management, internal audit as well as peers, locally and internationally where applicable.
  • Complete the Risk and Control Self-Assessment (RCSA) for applicable business areas by considering all 16 NFR Risk types and capture onto the NFR management system.
  • Conduct continuous analysis of business impact and contribute to the formal process of driving risk acceptance for residual risk for items where the residual risk is too high.
  • Contribute to the development and instilment of a risk and control culture, within the functional areas, through participating in knowledge sharing initiatives and awareness campaigns on the importance of risk management.
  • Contribute to the management of NFRs by identifying inadequacy of, or failure in internal processes, people and/or systems or from external events across complex operating structures with significant overlaps of the risk types under the umbrella of Operational Risk.
  • Contribute to the monitoring of the actual losses vs. the risk appetite and include the necessary recommendations to minimize financial impact.
  • Deliver value-adding risk assessments and advice to the business are that are properly quantified and mitigated/managed within agreed risk appetite.
  • Determine high risk and/or high impact projects/programs/initiatives within the line of business by using the applicable risk assessment tools.
  • Execute data-led Non-Financial Risk (NFR) decisions and interventions in the lines of business.
  • Execute proactive actions around the management of prevailing, emerging and top Non-Financial Risk (NFR) exposures with urgency.
  • Stay abreast of all regulatory and compliance changes through sufficient engagements and collaborations with key stakeholders - IT Security, Data Governance, Logical Access Management (LAM), Payment Card Industry (PCI) Compliance and Data Privacy.
 
Key Skills & Experience
  • 3-4 years' practical knowledge of risk and control frameworks and application in the financial services industry and be able to understand both non-financial risk and financial reporting risk
characteristics.
  • Qualifications in Business Commerce and/or Risk Management, Degree-level preferred.
  • Projects social confidence when conveying information and is articulate in giving presentations.
  • Understands the capital implications of the stated risk appetite, individual risk exposures, portfolio risk exposures, and determines capital requirements on a risk adjusted basis.
  • Possess the ability to determine if risk management and control measures are achieving the desired results and mitigating risks at the expected level.
  • Prepared to disagree and question assumptions, challenges ideas and established views.
  • Creative in producing ideas - assumes an original approach when generating ideas.
  • Behaves ethically and justly.
  • Discreet and maintains confidentiality.
  • The seasoned ability to facilitate the creation and adoption of an appropriate risk response strategy and to assign ownership for the risk response.
  • Possess the ability to provide due consideration to risks, rewards and the cost of control measures in evaluating business opportunities, process and system changes.
Your specialist: Debbie Amankwa
Quote job ref: 15902

Hi, I'm Debbie and I look forward to receiving your submission for this fantastic opportunity with this business.

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